Stance Capital LLC Has $3.85 Million Holdings in The J. M. Smucker Company $SJM

Stance Capital LLC grew its stake in The J. M. Smucker Company (NYSE:SJM) by 371.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,471 shares of the company’s stock after acquiring an additional 27,948 shares during the period. J. M. Smucker accounts for about 1.4% of Stance Capital LLC’s investment portfolio, making the stock its 13th biggest position. Stance Capital LLC’s holdings in J. M. Smucker were worth $3,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of SJM. Invesco Ltd. raised its position in J. M. Smucker by 7.5% in the 2nd quarter. Invesco Ltd. now owns 2,819,028 shares of the company’s stock worth $276,829,000 after purchasing an additional 195,774 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in J. M. Smucker by 10.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,541,357 shares of the company’s stock worth $275,982,000 after buying an additional 239,586 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in J. M. Smucker by 45.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company’s stock valued at $221,140,000 after buying an additional 703,382 shares during the last quarter. Ilex Capital Partners UK LLP increased its stake in shares of J. M. Smucker by 31.0% in the 2nd quarter. Ilex Capital Partners UK LLP now owns 2,033,615 shares of the company’s stock valued at $199,701,000 after buying an additional 481,660 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of J. M. Smucker by 13.8% in the 3rd quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company’s stock valued at $169,661,000 after buying an additional 188,868 shares during the period. 81.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SJM. Stifel Nicolaus cut their price target on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. Bank of America raised J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Monday, February 23rd. Canaccord Genuity Group raised shares of J. M. Smucker to a “buy” rating in a research note on Friday, January 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $121.14.

J. M. Smucker Stock Down 2.3%

Shares of NYSE SJM opened at $102.58 on Wednesday. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $120.76. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84. The stock has a market cap of $10.94 billion, a P/E ratio of -8.70, a P/E/G ratio of 4.37 and a beta of 0.22. The firm has a 50 day moving average price of $106.78 and a 200 day moving average price of $105.19.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.11. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $2.61 earnings per share. Analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, February 13th. This represents a $4.40 annualized dividend and a yield of 4.3%. J. M. Smucker’s payout ratio is currently -37.32%.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.